Welcome back to Sturdy’s monthly highlight!
The big story this month: the continued expansion of Sturdy’s leveraged liquid staking market!
LSDs continued be a dominant narrative in February, and Sturdy is perfectly positioned to enable users to ride the LSD wave for all its worth with the innovative leveraged liquid staking market. The market has continued to expand thanks to strategic partnerships across DeFi; allowing both borrowers and lenders to take advantage of unparalleled yields (more on that below 👀).
Sturdy stayed relevant on social media throughout February with tons of user threads and was even deemed one of the best Risk-Rewards in DeFi!
There was tons of exciting stuff happening at Sturdy this month; let’s dive in!
Super-Charged Lending!
Lending yields got pumped way up thanks to LDO incentives this month! Lenders on Sturdy have been earning up to 44% APY on their wETH lending 🤯
This is currently the top ETH lending opportunity on Mainnet with >$1 million TVL, per DeFi Llama 👀
Sturdy was offered a cache of LDO to incentivize the new market and decided to double down and match the incentives to offer astronomical yields to lenders! Incentives will be live through March, so start lending your wETH today to stack some LDO!
More Leveraged Liquid Staking Opportunities!
Sturdy’s leveraged liquid staking market continued to grow in February! Users can now earn up to 🤑 45% APY 🤑 by using their Balancer wstETH/ETH LPs with boosted Aura staking as collateral on Sturdy!
Sturdy’s leveraged liquid staking market enables users to capitalize on the rise of LSDs by levering up on liquid staking yields. Best of all, because you’re borrowing ETH against LSD LPs, liquidation only take place during a major depegging event.
Huge shoutout to Balancer and Aura for the grant to make this opportunity possible!
Tokenomics release
We’re one step closer to releasing $STRDY! Last month we released our tokenomics and a spreadsheet with eligible addresses and their allotted token amounts.
The main goal of $STRDY will be to decentralize the governance process of Sturdy. This means the community (you!) will have control over future integrations, partnerships, and developments of the Sturdy ecosystem.
$STRDY will decide the future of the protocol, so be sure to stay updated and claim your tokens!
Read the full tokenomics report here and check your allocation here
Thanks, Threadooors!
We’ve been seeing a ton of great threads on Sturdy as of late! This month we want to shout out the top 3 threaders who have been writing about Sturdy; ViktorDeFi, DeFiNapkin, and Tindorr all wrote excellent threads on Sturdy, be sure to check them out!
We love seeing supporters spread the word about Sturdy and share their unique strategies! Write up some great content on Sturdy for a chance to be featured in our monthly updates, plus we might have something special coming up for contributors! 😉 #brickgang
Exponential’s Best Risk-Reward
Sturdy is honored to be included in Exponential’s Best Risk-Reward section.
Exponential provides clear, intuitive data to help DeFi users make informed decisions, so of course, they had to mention Sturdy.
They shouted Sturdy out for the consistent double-digit yield on USDC lending! Lenders on Sturdy get some of the highest yields across DeFi because they get a portion of yield farming profits rather than borrowers’ interest. Check out their full report on our pool here.
That’s it for this month’s recap!
It’s been an exciting month at Sturdy, but we have even more in store for you in March as $STRDY becomes claimable, governance gets kicked off, and the platform continues to expand!
You’re gonna want to stay up to date, so follow us on Twitter and join our discord community to be sure you don’t miss an announcement!
See ya next month, Studs!
